Financial plan plays a vital role in a business plan to identify the financial needs of a new

venture. State FIVE $(5)$ objectives of a financial plan.

$(10$ Marks$)$

Mr$.$ Jack is planning to open new branch for his restaurant. He believe it is crucial for him

as an entrepreneur to choose the right location because a good location can result in higher

sale, lower operating cost and higher profit. Explain FIVE $(5)$ factors for him to consider in

order to choose the right location

$(10$ Marks$)$